senate JP morgan hearing today
bronco2078
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The Senate got back the results of the investigation , theres a hearing today and expect some fireworks. A lot of angry senators preening in front of the camera and when all is said and done probably no changes.
Jamie (I'm richer than you) D-bag won't be there , they will have to use ina drew as the pinata for the day .
some crib notes from zerohedge
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
So far its just carl levin and john mccain . I'm wondering if there is an overall strategy here in not calling jamie in. They are working the underlings over pretty good initially maybe something will slip out that puts him under some pressure .
The London crew either wasn't called or being out of the country couldn't be called.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Look for a wink after each "tough" question....all show for low information voters.
Loves me some shiny!
There is a site thats live blogging it
its not as gentle a treatment as Jamie would get
a snippet
11:32 am
Why the OCC stopped getting data
by David Benoit
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Levin says it was clear that Jamie Dimon ordered the bank to stop sending profit/loss data from the investment bank to the OCC.
Braunstein looks a little taken aback with his first question. Thinks about it, then says, yes, that was correct. Dimon made the order.
He says it was a period of two weeks that the data stopped going to the OCC. Braunstein says it was an attempt to make sure the data was only going to the regulators.
note that the transcript is in reverse order the oldest is at the bottom and you have to keep refreshing to get the newest comments which is awkward